Nenn Co.'s allowance for uncollectible accounts was $180,000 at the end of 2011 and $190,000 at the end of 2012. For the year ended December 31, 2012, Nenn reported bad debt expense of $27,000 in its income statement. What amount was the net write-off for actual bad debts

What happens when a bank is required to hold more money in reserve?

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage